NEW YORK ( TheStreet) -- It basically goes like this: First you get investor cash. Then you screw the pooch. Then you get your accountants to make it seem that you haven't screwed the pooch. Then it's all over.I call it the "screw-up-lie-die" template. It's been seen in big companies and small, from Enron to penny stocks. It is so old, it creaks. But fear not. It is alive and vibrant, and is currently being played out in real time at Groupon, the coupon-deal company whose IPO turned sour in recent days, ever since it disclosed on Friday that its losses were much worse than previously reported.
First You Screw Up, Then Lie and Finally Die
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